Japan Foreign Exchange Rate: Understanding the Basics and Beyond

Author

Reads 674

Japanese Lucky Coin Cat
Credit: pexels.com, Japanese Lucky Coin Cat

Japan's foreign exchange rate is a crucial aspect of international trade and finance. The country's currency, the yen, is highly traded and volatile.

The yen is often used as a safe-haven currency, meaning investors flock to it during times of economic uncertainty. This can cause the yen to appreciate in value.

Japan's economic policies have a significant impact on the exchange rate, with the Bank of Japan's monetary policy playing a key role. The bank's actions can influence the value of the yen.

For your interest: Ike Dollar Value

Exchange Rate Basics

The US Dollar to Japanese Yen exchange rate is at a current level of 158.06, up from 157.75 the previous market day.

This represents a change of 0.19% from the previous market day.

The exchange rate has increased by 8.73% from one year ago, currently standing at 158.06.

Japan is the region associated with this exchange rate.

The European Central Bank is the source of this information.

For more insights, see: Same Day Foreign Currency Exchange

Historical Currency Rates

Credit: youtube.com, Japanese yen currency exchange rate ...

Historical currency rates can be a great tool for understanding the fluctuations in the value of currencies over time. We can see this in action with the historical data provided for the Japanese yen to US dollars exchange rate.

The exchange rate for Japanese yen to US dollars has remained relatively stable over the past week, with a 2.506% increase compared to its value 7 days ago. This stability is a good sign for investors and traders.

The data also shows that the exchange rate for Japanese yen to US dollars is 0.007 today, reflecting a 0.000% change since yesterday. This suggests that the exchange rate has been steady over the past 24 hours.

Here's a breakdown of the exchange rate for Japanese yen to US dollars over the past few weeks:

As you can see, the exchange rate has fluctuated over the past few weeks, but has remained relatively stable over the past week.

Currency Conversion

Credit: youtube.com, How to Convert USD to Yen (Money Tips for Japan)

Converting Japanese yen to US dollars is a straightforward process. Simply type in the box how much you want to convert.

To get started, select JPY in the first dropdown as the currency you want to convert from, and USD in the second dropdown as the currency you want to convert to. Our currency converter will take care of the rest.

Our currency converter will show you the current JPY to USD rate and how it's changed over the past day, week, or month. This can be a useful tool for tracking currency fluctuations and making informed decisions.

Here's a quick rundown of the steps:

  • 1. Type in the box how much you want to convert.
  • 2. Select JPY in the first dropdown and USD in the second dropdown.
  • 3. Our currency converter will show you the current rate and its changes over time.

Stats

The stats on the Japan foreign exchange rate are quite interesting. The last recorded value is 158.06, as of January 10, 2025.

The latest period for this value is January 10, 2025, which is a key date to keep in mind. The last update was made on January 13, 2025, at 10:09 EST.

Explore further: Value of Vietnam Dong

Credit: youtube.com, FOREIGN EXCHANGE DATA | BY SNS INSIDER

The average growth rate is a significant metric, coming in at 1.74%. This is a crucial number to consider when analyzing the exchange rate's performance.

Here's a breakdown of the recent changes:

Note that the exchange rate is measured in JPY to 1 USD, and the frequency is market daily.

Frequently Asked Questions

Is the US dollar strong in Japan today?

The US dollar is slightly weaker in Japan today, having decreased by 0.13% from the previous market day. However, it's still up 11.38% from one year ago, indicating a general strengthening trend.

Vanessa Schmidt

Lead Writer

Vanessa Schmidt is a seasoned writer with a passion for crafting informative and engaging content. With a keen eye for detail and a knack for research, she has established herself as a trusted voice in the world of personal finance. Her expertise has led to the creation of articles on a wide range of topics, including Wells Fargo credit card information, where she provides readers with valuable insights and practical advice.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.